What does AML mean in UNCLASSIFIED

Definition

An Acquisition Master List (AML) is essentially a master plan for an organization's acquisition activities. It is typically compiled by an internal or external party who has expertise in all stages of the acquisition process. The AML outlines the steps required to complete the purchasing process from start to finish, including procurement needs assessment, selection process, evaluation criteria, contracting requirements and post-contract management activities. The AML also serves as a reference point when carrying out vendor selection processes or review/analysis tasks which involve multiple stakeholders and require that data be collected in order to efficiently analyze market conditions or compliance requirements.

Benefits

The primary benefit of having an AML is that it provides transparency into the acquisition process while ensuring adherence to applicable regulations and directives. This resourceful document enables organizations to track their progress against goals and standards set forth by governing authorities while providing clear expectations for vendors during the bidding process. An AML also assists with internal coordination efforts between departments or program offices involved in any given project as it outlines required roles and responsibilities throughout each stage of the procurement cycle. Finally, organizations may find long-term value from having a comprehensive use record of their past acquisition experiences; this document can be used as part of risk assessment practices or other internal reviews moving forward into future contracts.